Overview

Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates using a hybrid model where governance-approved enshrined custodians mint and redeem frxUSD backed by cash-equivalent reserves, while advanced onchain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across DeFi and traditional financial systems.

This overview is imported from market-data provider metadata. Project claims should be checked against the linked documentation and on-chain evidence.

Identity

• Name: Frax USD
• Symbol: FRXUSD
• Provider-listed chain: ethereum

Names and ticker symbols are not unique. Match the network and contract address against the project's documentation and a block explorer before identifying a token.

Sources and further reading

• Project website (provider-listed)
• Source code (provider-listed)
• Block explorer 1
• Block explorer 2
• Block explorer 3
• CoinGecko identity and metadata
• CoinMarketCap source record (JSON, asset ID 36039)

A provider listing establishes how the asset is catalogued; it does not independently verify project claims or endorse the asset.